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Author Question: Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm ... (Read 146 times)

folubunmi

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on: Jul 1, 2018
Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's total variable costs?
 a. 1000
 b. 3000
 c. 5,000
 d. 7,000

Question 2

Firm X is producing 1000 units, selling them at 15 each. Variable costs are 3 per unit and the firm is making an accounting profit of 3000 . What is the firm's fixed costs?
 a. 9,000
 b. 10,000
 c. 11,000
 d. 12,000


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mohan

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

a


folubunmi

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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